Document background
The Simple MoU is a fundamental tool in Swiss commercial practice, used to document preliminary understandings and future intentions between parties considering a formal collaboration or business relationship. It serves as a stepping stone towards more detailed, binding agreements while providing a clear framework for initial cooperation. Common in both domestic Swiss transactions and international arrangements, this document type is particularly valuable when parties need to outline their mutual understanding without creating immediate legal obligations. The Simple MoU typically includes basic terms of cooperation, confidentiality provisions, and contact details, while maintaining flexibility for future negotiations. Under Swiss law, these documents are generally considered non-binding unless specifically stated otherwise, making them ideal for preliminary business discussions and planning phases of potential partnerships.
